Monzo

Sources: following investor backlash, Monzo to give outgoing CEO TS Anil an expanded role after he steps down in February; he is likely to retain a board seat

Sources: following investor backlash, Monzo to give outgoing CEO TS Anil an expanded role after he steps down in February; he is likely to retain a board seat

Monzo receives an Irish banking license, letting the London-based digital lender offer its personal, business, children's, and savings accounts across the EU

Aisha S Gani / Bloomberg :

Sources: Monzo is considering a new application for a US banking license, hoping for approval amid Trump's deregulation push, after dropping a 2021 attempt

Laith Al-Khalaf / Financial Times :

Digital bank Monzo, which has 13M UK customers, plans to launch a mobile phone service; Revolut and Klarna, each with ~11M UK customers, announced similar plans

Digital bank is exploring launching its own digital sim and offering monthly contracts  —  Monzo is planning to launch …

UK neobank Monzo reports FY 2025 revenue up 48% YoY to £1.2B, pretax profit up 335% YoY to £60.5M, deposits up 48% YoY to £16.6B, and users up 25% YoY to 12.2M

Monzo reported revenue above 1 billion pounds ($1.35 billion) for the first time and a sharp rise in annual profit …

A look at UK fintechs Revolut and Monzo's push to expand in the US, where they face steep challenges in a complex regulatory environment and strong competition

Akila Quinio / Financial Times :

UK neobank Monzo raised $190M at a $5.2B post-money valuation, after raising $430M at a $5B valuation in March 2024, and plans to expand internationally

Ryan Browne / CNBC :

UK digital bank Monzo raised $430M led by Alphabet's CapitalG at a $5B valuation, up from $4.5B in December 2021, and plans to use funds to expand in the US

London-based digital bank raised $430mn from investors including CapitalG and HongShan  —  Monzo has secured a fresh round …

Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road”

Iain Withers / Reuters :